Fuel prices push inflation higher in May

What the report says

Petroleum tankers parked at a fuel storage facility in Jinja, Uganda, 23 May 2020 © Uganda Business News Uganda’s annual inflation rose in May, driven by a sharp acceleration in fuel and transport costs linked to higher global oil prices, reinforcing concerns at the Bank of Uganda over mounting external inflation pressures even as food prices remained relatively subdued. Annual headline inflation increased to 3.2 per